Dear Experts,

I have taken one ULIP in LIC (Market Plus ) in the name of my wife, Due to unavoidable causes i have not deposited Premium in F.y. 2009-10,further I have deposited premium in F.Y.2010-10 which was due in F.Y.2009-10 , Next Premium due in F.Y.2010-11 & Deposited in F.Y.2010-11, Can I take benefit u/s 80 C in the F.Y.2010-11 against both deposited Premium .

Pl. clarify..
a)an NRI employed outside India..
getting salary. Understood that this income is not taxable in India.. (since Tax deducted and paid in the respective country)
But
b) He is getting another income which is other than the above, for which no tax is deducted or paid (income earned the other way)
Is this income stated (b) earned abroad is taxable in India.. ?
Even if DTAA is available how much he needs to pay tax.
c) Apart from the above he has income from India also..

Please clarify..!! with respect to international taxation with applicable FERA FEMA

hi friendzzzz

i filed ITR - 3 for the assessment year 2008-09...he took ITR V acknowledement and send it to Income tax department 3 months back....till now i did not receive any confirmation copy......what should i do????/??

Please reply me...as early as possible

I purchased plot for 3L , taken home loan of 7L and used my own money of 7L for constructing the house. Now I need to sell the house for which I am getting 18L. What is the tax implication?

Dear Sir, I was officially (through e-mail)resign from company in the month of January 2011. Now the employer has denied to provide me the Form 16 for the year from 01.04.2010 to 31.12.2010. So I request you to kindly suggest me, where should I file my complaint against my ex employer? Or there are any act in IT department for Form 16.

Waiting for your earlier reply

Harassed Employee

sir, firstly good day for you As i want to ask you regarding my grand father property .he has a property ,and want to sell in 1,50lakh .he has 5 daughters and wants to distribute all the money b/w all of them he is no income tax assesse . he doesn't want totax payable to govt so in this circumstances what procedure he adopt. plz give me advice regarding you

I am repeating here under few provisions of Finance Act, 1994 and other statutes as under :-

Sec. 65 of the Finance Act, 1994 (Relevant to Servicetax) reads as under :-

65. In this chapter, unless the context otherwise requires,-

(12) ”banking and other financial services” means –

(a) the following services provided by a banking company or a financial institution including a non-banking financial company or any other body corporate or (Up to 31.05.2007) any other person, namely :-

(i) financial leasing services ………………………and so on …………

(14) “ body corporate” has the meaning assigned to it in clause (7) of Section 2 of the Companies Act, 1956.

(12)(105) “taxable service” means any service provided or to be provided –

(zm) to a customer / to any person (now) by a banking company or a financial institution including a non-banking financial company or any other body corporate or (Up to 31.05.2007) any other person , in relation to banking and other financial services.

Sec 2(7) of the Companies Act- “body corporate” includes a company incorporated outside India but does not include –
(a) corporate sole;
(b) a co-operative society registered under any law relating to co-operative societies and
(c) any other body corporate (not being a banking company………..)

Query - On the basis of above definitions, (1) Whether a co-operative bank (co-operative society) is out of definition of body corporate and the co-operative society is exempted from service tax being a body corporate so far as banking services are concerned by exclusion through definition or
(2) Is it covered by terms ‘any other person’ or ‘commercial concern’ and liable for service tax..

Is Amount gifted, is Exempted from Individuals Taxable Income?

I HAVE FILED MY IT E RETURN (Tax Audit Case) FOR ASS.YEAR 2009-10,CLAIMING REFUND OF Rs. 35000/-. IN 26 AS ENTRIES FOR TDS ARE TALLIED BUT NO REFUND ISSUED BY THE DEPARTMENT TILL DATE, (I HAVE CHECKED THE STATUS OF REFUND, where no record found ) OR ANY INTIMATION RECD.HOW CAN I GET THE REFUND AND WHAT WILL BE THE PROCEDURE ?

Hi, Could anyone please tell whether Postal Life Insurance is exempted from tax or Not. Thanks